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Trump’s “Currency Manipulation” Con — Anne O. Krueger

Summary:
The long-awaited "phase one" deal between the United States and China has not ended US trade warfare. Instead, President Donald Trump's administration has devised yet another tool with which to tilt the playing field against foreign competitors, all but ensuring that damaging and unnecessary trade conflicts will continue. The US is all for "free markets, free trade, and free capital flows when it  benefits the US elite, but not so much when the table turns as US firms are outcompeted. Ain't capitalism great! (snark) Project SyndicateTrump’s “Currency Manipulation” Con Anne O. Krueger | Senior Research Professor of International Economics at the School of Advanced International Studies, Johns Hopkins University, Senior Fellow at the Center for International Development, Stanford

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The long-awaited "phase one" deal between the United States and China has not ended US trade warfare. Instead, President Donald Trump's administration has devised yet another tool with which to tilt the playing field against foreign competitors, all but ensuring that damaging and unnecessary trade conflicts will continue.
The US is all for "free markets, free trade, and free capital flows when it  benefits the US elite, but not so much when the table turns as US firms are outcompeted. Ain't capitalism great! (snark)

Project Syndicate
Trump’s “Currency Manipulation” Con
Anne O. Krueger | Senior Research Professor of International Economics at the School of Advanced International Studies, Johns Hopkins University, Senior Fellow at the Center for International Development, Stanford University, and former World Bank chief economist and former first deputy managing director of the International Monetary Fund 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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